Read FineMark’s Fourth Quarter Shareholder’s Letter from the President, Joseph R. Catti. DEAR VALUED SHAREHOLDERS, On behalf of everyone at FineMark National Bank & Trust—the Board of Directors, the executive management team and all of our dedicated associates—I am pleased to report on the bank’s performance for the fourth quarter and the full year 2019. …
How Often Should You Review Your Estate Plan?
We are frequently asked how often an estate plan should be reviewed. Although there are no hard-and-fast rules about when you should review your estate plan, a good rule of thumb is to do a review immediately after any major life event. You should also do a quick review once a year based on the …
2019 Third Quarter Review and Commentary
“If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks.” – John C. Bogle, Founder and CEO of Vanguard Group (1929 – 2019) This quarter’s featured quote comes from, Jack Bogle, who passed away this past January. Bogle was the founder of the Vanguard Group, the firm credited …
Signature Formalities
How often do we sign our names on credit card receipts, letters, and emails without thinking much about it? I regularly sign credit card receipts as quickly as possible to avoid holding up the line in the grocery store or at restaurants. My signature rarely is the same each time I sign, especially at places …
2019 Q3 Shareholder’s Letter
Read FineMark’s 3rd Quarter Shareholder’s Letter from the President, Joseph R. Catti. DEAR VALUED SHAREHOLDERS, FineMark Holdings, Inc. (OTCQX: FNBT), the parent company of FineMark National Bank & Trust, today announced third quarter 2019 net income of $4.5 million, or $0.50 per diluted share, compared to net income of $3.5 million, or $0.39 per diluted …
Opportunity Zones
Opportunity Zones May Offer Solution to Large Unrealized Capital Gains. Written By: Paul D. Blatz and Dean Borland When Congress passed the Tax Cuts & Jobs Act in December 2017, most of the fanfare focused on the savings it bestowed on individual and corporate taxpayers. But the law also established a new program that may …
Beyond The Game: How Athletes Invest
FineMark Bank’s Christopher Highmark shares insights on how to invest like an athlete in the July/August issue of Private Air Magazine. Professional athletes have the potential to amass large sums of money over a relatively short time frame. Unfortunately, the majority of them do not have lengthy careers and consequently, do not retain significant amounts …
Transferring Your Values, Not Just Your Bank Account
Transferring Your Values, Not Just Your Bank Account – FineMark Bank’s Tim Nguyen discusses heir education in the July/August issue of Private Air Magazine. When confronted with how best to transfer wealth to younger generations, most families invariably focus on preservation, taxation and governance. Success in these areas, however, is no assurance that younger generations …
2019 Second Quarter Review and Commentary
FINE POINTS, The Quarterly Trust and Investment Publication of FineMark National Bank & Trust July 2019 | Volume 4 | Issue 3 “It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own interest.” – Adam Smith, Scottish Economist (1723-1790) …
Donating to Charity Directly From Your IRA: Less Money to Uncle Sam While Supporting a Good Cause
Since the new tax legislation went into effect last year, we have noticed a shift in the way some individuals donate. Instead of simply writing a check to a charity, they are donating directly from their traditional IRA. You may consider doing the same if you answer ‘yes’ to the following questions: Are you charitably …
Spring Cleaning For Your Estate Plan
The close of first quarter means spring is upon us, and while many will be undertaking spring cleaning projects at home, now is also an ideal opportunity to dust off your estate plan documents. After years administering the documents I once drafted as an estate planning attorney, I’ve found most documents are plagued by the …
2019 First Quarter Review and Commentary
FINE POINTS, The Quarterly Trust and Investment Publication of FineMark National Bank & Trust April 2019 | Volume 4 | Issue 2 “Mr. Market is a kind of drunken psycho. Some days he gets very enthused, some days he gets very depressed. And when he gets really enthused you sell to him, and if he …
